Brief: Samsung now worth more than Nokia
By Stefan Constantinescu on Tuesday, September 1st, 2009 at 3:30 AM PST In Nokia, Samsung
Samsung’s market cap (stock price multiplied by the number of shares the company has issued) is now pegged at $101 billion, versus Nokia (NYSE: NOK) at $47.2 billion. Nokia used to be at $96.5 billion during September last year, but then the economy went ahead and started binge drinking itself into a recession. During that same period however, September to now, Samsung’s market cap rose from $76.1 billion to $101 billion. Now to be fair, Samsung makes a hell of a lot more than just mobile phones. They make televisions, refrigerators, laptops, and there is even a Samsung microwave in my kitchen right now.
Oh and in case you’re wondering, Apple (NSDQ: AAPL)’s market cap is $150.69 billion.
[Via: Chosun]
